Zhejiang University Network News announced that from June 17 to August 6, 2026, the shareholder Zhejiang Wangxin Group Co., Ltd. reduced its holdings of 3.1 million shares through centralized bidding. The shareholding ratio was reduced from 6.30% to 6.00%, and the change in equity hit 1%. This holdings reduction is in line with the previous holdings reduction plan. As of the date of disclosure of the announcement, the holdings reduction plan has not yet been implemented. Wangxin Group is a non-controlling shareholder and actual controller. This change in equity does not affect control rights and has no impact on the company's governance, equity structure and operation.

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